Solution Will Provide LaSalle with an Automated Secure Environment for Evaluating Fund-Level Investment Scenarios.
Boston, MA (PRWEB) April 14, 2008 -- LaSalle Investment Management, a leading global real estate investment manager with over $50 billion of assets under management, is implementing Resolve Technology's Portfolio Maximizer to streamline investment decisions for its funds.
"We have an ongoing need to project fund-level cash flows into the future in order to make informed investment decisions," explains Allan Swaringen, Managing Director at LaSalle and head of the Excelsior LaSalle Property Fund. "As funds grow, the use of Excel to run these models becomes prohibitively cumbersome, and the risk of error goes up. Portfolio Maximizer will provide us with a more streamlined and secure environment to create these projections."
"The ability to easily populate Portfolio Maximizer with historical data from Request as well as forecast data from our DYNA and ARGUS systems will go a great deal towards streamlining the process," explains Eric Schultz, Portfolio Management Associate at LaSalle. "Incorporating debt information is another big advantage of the system; splicing debt information from Excel into the projections has always been difficult."
Managers at LaSalle will be able to use Portfolio Maximizer's scenario capabilities to evaluate fund-level decisions. "As we are seeing nowadays, there is more than one way in which the future can unfold," says Eric Schultz. "Being able to run multiple scenarios and understand the sensitivities will help fund managers and our financial team make more informed decisions."
"We chose Resolve Portfolio Maximizer because we've been a customer of Resolve for several years and trust their commitment and expertise. Also, as an existing Request client, we felt that Portfolio Maximizer would go hand-in-hand with our Request data warehouse. It made a lot of sense to have these complementary products under the same umbrella," says Cindy Parker, Managing Director of IT at LaSalle.
"As the complexity in the real estate marketplace continues to mount, we see a growing need for solutions such as Request and Portfolio Maximizer that enable companies to make decisions based on accurate and timely information," says Eric Forman, Resolve's Founder and CEO. "We are excited to help an industry leader such as LaSalle implement investment management best practices."
About LaSalle Investment Management
LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $50.4 billion of assets under management. LaSalle Investment Management is active across a range of real estate capital and operating markets including private and public, debt and equity. LaSalle Investment Management is authorized and regulated for investment business in the UK by the Financial Services Authority. For more information, visit www.lasalle.com.
About Resolve Technology
Capitalizing on in-depth understanding of the unique processes of managing real estate investments, Resolve Technology provides business intelligence, reporting, and decision support solutions that optimize the ongoing management of real estate investment portfolios and ultimately deliver higher returns to investors.
Resolve's solutions automate data collection from disparate sources to present reliable up-to-date information to decision makers throughout the organization. Providing integrated information, analysis, and optimization tools, Resolve removes the reliance on spreadsheets--enabling real estate investment managers to evaluate changing market conditions and respond in a timely manner.
Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over 2 billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, General Growth Properties, Glenborough, Kimco Realty Corporation, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, State Street Bank and Trust, and UBS. Founded in 1990, Resolve is headquartered in Boston, Massachusetts. For more information visit www.resolvetech.com.
All companies and products listed herein are trademarks or registered trademarks of their respective holders.
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